METRO CREDIT UNION (EIN 041695745) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1926

Legal Domicile

Principal Officer

ROBERT M CASHMAN

Phone

8776963876

Tax Period

2024-01-01 to 2024-12-31

METRO CREDIT UNION, founded in 1926, is a major nonprofit that reported $173.4M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $166.1M left a modest 4% surplus.

Mission

METRO CREDIT UNION PROVIDES LOAN AND DEPOSIT PRODUCTS TO MEMBERS THAT ASSIST THEM IN MEETING THEIR FINANCIAL NEEDS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $156,368,323

Investment Income $14,730,944

Other Revenue $2,260,617

TOTAL REVENUE $173,359,884

Expense Breakdown

Grants Paid $322,106

Salaries & Benefits $34,431,358

Fundraising Expenses $0

Other Expenses $131,354,009

TOTAL EXPENSES $166,107,473

Year-over-Year Comparison

	2024	2023	Change
Revenue	$173,359,884	$149,461,871	+0.2%
Expenses	$166,107,473	$134,522,388	+0.2%
Net Income	$7,252,411	$14,939,483	-0.5%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

400

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$1,648,320

Total Directors

$1,648,320

Key Employees

$2,614,232

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT M CASHMAN	PRESIDENT/CEO/DIRECTOR	40.00	Officer Director	$1,585,056	$63,264	$1,648,320
DAVID HOLZMAN	DIRECTOR	2.00	Director	$0	$0	$0
ARNOLD S BAER	DIRECTOR/ASSISTANT CLERK	2.00	Officer Director	$0	$0	$0
BION FOSTER	DIRECTOR	2.00	Director	$0	$0	$0
JOSEPH ZANG	DIRECTOR (ENDED 8/2024)	2.00	Director	$0	$0	$0
DONNA LEE	DIRECTOR	2.00	Director	$0	$0	$0
JOHN IMBERGAMO	DIRECTOR/VICE CHAIRMAN	2.00	Officer Director	$0	$0	$0
PETER HARRIS	DIRECTOR/TREASURER	2.00	Officer Director	$0	$0	$0
PAUL M GULKO	DIRECTOR/CLERK	2.00	Officer Director	$0	$0	$0
MARK SMOLLER	DIRECTOR/CHAIRMAN	2.00	Officer Director	$0	$0	$0
ADAM FRANK	DIRECTOR	2.00	Director	$0	$0	$0
MARTA ROSA	DIRECTOR	2.00	Director	$0	$0	$0
CHARLENE BAUER	SVP MEMBER EXPERIENCE	40.00	Key Emp	$265,569	$27,993	$293,562
LAWRENCE STANDFORD	SVP/CFO	40.00	Key Emp	$302,457	$9,536	$311,993
TRACI MICHEL	SVP/COO & CSO	40.00	Key Emp	$466,859	$38,048	$504,907
KEVIN MALONE	SVP SENIOR COMMERICIAL LENDER	40.00	Key Emp	$358,492	$32,764	$391,256
AMYLYNN MOODY	CHIEF PEOPLE OFFICER	40.00	Key Emp	$295,199	$13,217	$308,416
JAMES HERNDON	SVP HUMAN RESOURCES	40.00	Key Emp	$230,792	$29,997	$260,789
MARIA A JUSTINIANO	SVP LENDING	40.00	Key Emp	$310,479	$36,856	$347,335
MONICA SANTOS	SVP/CHIEF MARKETING (AS OF 6/2024)	40.00	Key Emp	$190,089	$5,885	$195,974
KIM MONAHAN	CREDIT RISK & PORTFOLIO MANAGEMENT	40.00	Highest	$233,812	$33,052	$266,864
ERIC GILLILAND	VP COMMERCIAL RELATIONSHIP MANAGER	40.00	Highest	$284,191	$30,591	$314,782
SHAUNA GLAZEBROOK	VP MORTGAGE OPERATIONS	40.00	Highest	$210,407	$11,142	$221,549
JASON TRUONG	VP COMMERCIAL RELATIONSHIP MANAGER	40.00	Highest	$196,482	$9,731	$206,213
LUCAS ROSS	AVP MORTGAGE OPERATIONS	40.00	Highest	$212,712	$31,914	$244,626

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$173,359,884	$166,107,473	$3,440,032,348	$7,252,411
2023	$149,461,871	$134,522,388	$3,414,191,630	$14,939,483
2022	$114,336,853	$83,937,696	$3,156,507,565	$30,399,157
2021	$92,937,477	$78,093,785	$2,510,941,078	$14,843,692
2020	$101,297,996	$85,388,608	$2,385,374,276	$15,909,388
2019	$89,211,246	$75,756,292	$2,092,358,761	$13,454,954
2018	$79,251,770	$64,685,998	$1,877,534,257	$14,565,772

METRO CREDIT UNION